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Mortgage Servicing Industry Gathers to Benefit Veterans

Last week, representatives from a broad array of companies representing the mortgage industry and beyond gathered at the Stonebriar Country Club in Frisco, Texas, for the first annual Veterans Financial Services Advisory Council (VFSAC) Golf Classic. Hosted by VFSAC, an organization that helps veterans and their families in search of support related to housing and critical services, the day's events raised more than $200,000 to benefit Operation Homefront, a national 501(c)(3) that partnered with VFSAC to address the ongoing housing needs of veterans and their families.

Sponsors for the 2019 VFSAC Golf Classic included ALAW; Aspen Grove Solutions; Auction.com; Carrington; Five Brothers Asset Management; Ginali Associates; Goldman Sachs; Google; LoanCare; National Field Representatives; Novare National Settlement Service (A Division of Fidelity National Title); Prominent Escrow Services, Inc. and FIN Title; RSMA Law; Rushmore Cares; Safeguard; ServiceLink; Xome; and York-Jersey Underwriters.

After attendees spend the day on the green, they reconvened inside the clubhouse for a silent auction and presentations that included a brief welcome from VFSAC Chairman and Rushmore Loan Management Services CEO Terry Smith.

"We have the opportunity to do a lot of great things through VFSAC," Smith said.

VFSAC Founder Ed Delgado brought up an earlier discussion with Operation Homefront President and CEO John Pray, Jr., Brig. Gen., USAF (Ret.), in which they discussed the nature of the sacrifices that veterans make in service of their country. Delgado recalled Pray telling him that he never viewed his time in the military as a sacrifice, but rather as "an honor, a privilege, and a duty."

Delgado then discussed one particular veteran's case he had encountered: a former service member who needed $1,100 to fix the transmission on his truck. That may not have seemed like much, Delgado explained, but it was about more than just transportation. This veteran wasn't just using the vehicle to get around at the time—he was living in it.

"When we talk about honoring those who have given us so much," Delgado said, "think of that veteran."

Delgado then introduced U.S. Army Specialize Erica Corley, a seven-year veteran who served as a medical lab tech and had spent one year in Kuwait.

"When I came home," Corley said, "I didn't have a home to come home to."

Through Operation Homefront, Corley, a mother of two, is to be the recipient of a mortgage-free home in Mesquite, Texas. Speaking before the group, Corley laid out the process required to go from application to receipt of the home, a process designed to ensure that the chosen veteran is capable of keeping that home in the long run.

"They show you how to be a homeowner," Corley said.

Founded by Five Star Global President and CEO Ed Delgado in 2016, VFSAC’s Executive Council includes leaders from Auction.comAlacrity ServicesAspen Grove SolutionsFive Brothers Asset ManagementThe Five Star InstituteHome Depot, Operation Homefront, Rushmore Loan Management ServicesSafeguard Properties, and ServiceMac.

Editor’s note: Although VFSAC was founded by Five Star Global President and CEO Ed Delgado, it is an independent working group and is not affiliated with Five Star Global, Five Star Institute, or any of its companies.

About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has nearly 20 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. He can be reached at [email protected].

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